Close X
Friday, November 15, 2024
ADVT 
National

Gold, Diamonds Worth Less Than Intact Bejewelled $5-million Eagle: Experts

The Canadian Press, 01 Jun, 2016 10:01 AM
    VANCOUVER — If thieves are hoping to dismantle a stolen jewel-encrusted eagle and sell the gold and gems for cash, they should think again, say jewellery experts.
     
    Police have said the solid gold sculpture, known as the Maltese Eagle, was taken from its owner in a violent robbery on a street in suburban Vancouver on Sunday night.
     
    The eagle stands about 30 cm tall and weighs more than eight kilograms. Its head is adorned with 763 diamonds and it sits on 12.72-carat emerald.
     
    Owner Ron Shore has said the piece that was taken from him in the community of Ladner, B.C., is worth about $5 million.
     
    "It's going to be really hard to sell this because the industry knows about this, they're not going to want to touch it, even if it's in pieces. Unless they're really shady," said Suman Bakshi, who owns a jewelry store.
     
    People in the industry talk and dealers will be on the lookout for suspicious sellers, she said.
     
    Even people who haven't heard about the robbery would think twice if they were approached to take apart such artwork, Bakshi added.
     
    "If someone brought this to me and I didn't know, my alarm bells would go off. I'd be like, 'Why would you want to sell this? Look at this masterpiece!'"
     
    Dismantling the work likely wouldn't be a better option, said David Ritter, president of the Canadian Jewellers Association.
     
    Unsetting the jewels would be difficult, and a novice would likely end up breaking some of the gems, he said.
     
    If someone managed to get the stones out, reselling them to jewellers on high alert would be challenging, Ritter said, adding police would be called, and groups such as the Canadian Jewellers Association or Jewellers Vigilance Canada would likely be informed.
     
    Breaking down the piece and selling off the gems and gold would likely net less than hawking the eagle, he said.
     
    "The design of it is much superior to if you started to take it apart and melt the gold down and get the diamonds. It's just not worth the same."
     
    Bakshi said the eagle will likely end up in a private collection when someone offers the right price.
     
    "Whoever has this is going to have a really hard time selling it because it's such a unique piece."
     
    Police have said they are interviewing witnesses and working on a description of the suspect or suspects.

    MORE National ARTICLES

    Ontario Moving To Make Anti-overdose Medication Naloxone Easily Available

    Ontario Moving To Make Anti-overdose Medication Naloxone Easily Available
    Eric Hoskins says his ministry is working with the Ontario College of Pharmacists and others to make naloxone available free of charge, over-the-counter and without prescription at pharmacies.

    Ontario Moving To Make Anti-overdose Medication Naloxone Easily Available

    Committee To Look At Ways To Boost Saskatchewan's Low Organ Donation Rate

    Committee To Look At Ways To Boost Saskatchewan's Low Organ Donation Rate
    REGINA — A legislative committee will look at ways to boost what Premier Brad Wall has called Saskatchewan's "dubious record" on organ donations.

    Committee To Look At Ways To Boost Saskatchewan's Low Organ Donation Rate

    Competition Bureau scratches Staples-Office Depot battle off to-do-list

    Both Canada's Competition Bureau and the U.S. Federal Trade Commission had challenged the proposal, arguing it would harm competition in the office products business.

    Competition Bureau scratches Staples-Office Depot battle off to-do-list

    Several Expectant Mothers In Ontario Claim They Got Same Ultrasound Image

    Several Expectant Mothers In Ontario Claim They Got Same Ultrasound Image
    At least a dozen expectant mothers claim an Ontario ultrasound clinic gave them the wrong images of their unborn children.

    Several Expectant Mothers In Ontario Claim They Got Same Ultrasound Image

    Montreal Latest Canadian City To Test Body Cameras For Police Officers

    Montreal has become the latest Canadian city to equip its police officers with body cameras.

    Montreal Latest Canadian City To Test Body Cameras For Police Officers

    Conditions That Must Be Met Before Fort McMurray Wildfire Evacuees Can Go Home

    lberta government says wildfire evacuees could start returning to Fort McMurray as early as June 1. But Premier Rachel Notley says that date is contingent on certain conditions being met within the city. Here are those conditions: 

    Conditions That Must Be Met Before Fort McMurray Wildfire Evacuees Can Go Home